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The Department of Labour has launched the second phase of its survey on the impact of COVID-19 and beyond on businesses and their employment level as a follow-up to the inaugural exercise done mid-2020.

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Pelwatte Dairy Industries has stepped into support government’s move to allocate special lands for the dairy farmers following several issues pertaining to the lack of land for cattle grazing in the districts of Ampara and Anuradhapura.

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Sri Lanka’s inflation measured by Colombo Consumer Price Index decreased to 3 percent from 4.2 percent in December last year due drop in prices in both Food and Non-food categories , Central Bank announced.

Saturday, 30 January 2021 07:59

Colpetty market to get major facelift

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The Government has decided to develop the Colpetty Market into a 40-storey mixed development project with a Memorandum of Understanding (MoU) signed between the Colombo Municipal Council (CMC) and the Urban Development Authority (UDA).

Saturday, 30 January 2021 07:55

Inflation dips to 3% in Jan.

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Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1, decreased to 3% in January from 4.2% in December 2020, largely due to the statistical effect of the high base prevailed during January 2020, the Central Bank said in a statement yesterday.

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Despite the Covid-19 crisis the John Kells Holdings (JKH) Group has recovered to near normal levels by December, with the exception of Leisure .sector. Company accounts statement divulged.

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Adani Group of India has appointed John Keells Holdings PLC, Sri Lanka's largest listed company in the Stock Exchange, as their local agent, informed sources said.

Friday, 29 January 2021 07:43

Rupee’s strength rebounds

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The USD/LKR rate on spot contracts appreciated on Wednesday to close the day at Rs. 192.25/193.00 against its previous day’s closing levels of Rs. 195.50/196.50.

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The Colombo International Container Terminal (C.I.C.T) is the only container terminal currently operating at the Colombo Port that can handle ships over 14.25 meter in depth (Dratf) despite the Failure of East terminal to begin operations port officials said.

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State Minister for Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal, yester-day sought to dispel speculation on Sri Lanka’s economic fundamentals asserting that the Government has taken all necessary steps to manage the economy and position the country on a growth trajectory whilst meeting all international obligations. Speaking at a press conference Cabraal noted that 2021 has so far seen speculative behaviour from the outset, resulting in some forward contracts and stated that the Central Bank has been activated to take necessary corrective steps.

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